BP: GLOBAL ENERGY TRADING

BP: GLOBAL ENERGY TRADING

The US shale boom is connecting markets and changing the way oil and gas is bought and sold, according to BP's trading unit.

Understanding one commodity in a region is no longer enough, said Carol Howle, head of global oil Europe and finance at BP Integrated Supply & Trading. Change in trade flows will come as the US turns from an importer of liquefied natural gas (LNG) to an exporter and liquefied petroleum gas (LPG) export capacity increases, she said.

"We've seen a huge amount of change, particularly in the past several years with the US market changing so much around shale, changing trade flows, changing…

The chief executive of the Abu Dhabi National Oil Company (ADNOC) said that the long-term outlook for global energy demand was “robust” and that investment of $11 trillion in oil and gas was needed to keep up with projected demand.

Over January-August, China imported a total of 63.04 million mt, or 86.93 Bcm of natural gas, up 10.3% from 57.15 million mt, or 78.81 Bcm, during the same period last year, according to the customs data.

The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be re-issued, a U.S. official said on Sunday.

"Energy is essential for promoting human development and global demand is projected to increase significantly in the coming decades," Rising said. "Securing access to modern and affordable energy is essential for all, lifting people out of poverty and promoting energy independence and economic growth. Nuclear energy is a proven solution with a long established track record.

Longdom is a renowned organization that organizes highly notable conferences throughout the globe. Currently we are bringing forth Challenges in Global Climate Change (Euro Climate Change 2019) scheduled to be held during November 18-19, 2019 Rome, Italy. The conference invites all the participants across the globe to attend and share their insights and convey recent developments in the field of Climate change.